What is a Home Loan Refinance Calculator?
We compare interest at the old and new rates for the same remaining tenure, then subtract switching fees.
How is it calculated?
Enter outstanding principal, remaining years, current rate, new rate and fees.
Formula used
Interest saved ≈ old total interest − new total interest − fees
Worked example
₹20 lakh left at 9.2% versus 7.9% for 18 years can save substantial interest after fees.
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Frequently asked questions
When does refinance make sense?
When the rate drop is meaningful, tenure is long, and fees are smaller than interest saved.
Grow Money Calculator provides general financial calculation tools for educational and planning purposes. Results are estimates based on the information you enter and may differ from actual lender, bank or investment-product calculations. This is not a loan offer or investment advice. Read the full disclaimer.